Independent thinking for complex markets and current events
This is the part where everyone points to spending and jobs like proof everything’s fine, right before both roll over at the same time. THE STOCK MARKET CRASH IS SET UP PERFECTLY! 1. Consumers are still spending money they don’t have. – Consumer spending makes up 70% of GDP – But personal savings are near …
“The Fed can’t rescue this in its entirety. You’ve got 4M homes in Texas and 42M across the U.S. at risk of bankruptcy or losing the roof over their heads. That’s nearly 38% of households. The money to pay these bonds doesn’t exist. You can’t get blood out of a stone.” When… pic.twitter.com/dSuXD5SIPf — ITM …
For higher education, “AI’s takeover [is] a full-blown existential crisis.” “College is just how well I can use ChatGPT at this point.” “I think we are years — or months, probably — away from a world where nobody thinks using AI for homework is considered cheating.” “It isn’t as if cheating is new. But now, …
This week the Federal Reserve met and announced interest rates would be unchanged for the time being. That came as no surprise to anyone. It was the second part of the presentation where Fed chair Jerome Powell said some things that really raised eyebrows… By Peter Reagan Ever since Paul Volcker took the helm at …
Now central banks can't prevent collapse, and they can't stop collapse. We have achieved global monetary euthanasia. pic.twitter.com/KRSfEnTuYV — Mac10 (@SuburbanDrone) June 9, 2024 42% of Russell 2000 firms are unprofitable $IWM pic.twitter.com/xtC4Ur9j0o — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) June 9, 2024 I think the more the Fed has to stay “higher for longer” …
via Ryan McMaken According to a new report from the federal government’s Bureau of Labor Statistics this week, the US economy added 275,000 jobs for the month of February while the unemployment rate rose to 3.9%. In what has become a predictable ritual, reporters from the legacy media were sure to declare “another strong jobs report.” …
Martin Seligman, the influential American psychologist, found himself pondering his legacy at a dinner party in San Francisco one late February evening. The guest list was shorter than it used to be: Seligman is 81, and six of his colleagues had died in the early Covid years. His thinking had already left a profound mark …
